Harvard Professor Calls For A New MBA Culture For The 21st Century
May 28, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Moving away from teaching that maximizing shareholder value as the only goal of business will allow the creation of a whole new MBA culture, according to Harvard Business School professor Rakesh Khurana, author of From Higher Aims to Hired Hands: The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession.
In a live chat with Business Week, Khurana discusses the misconceptions people hold about MBAs, and the way forward for business schools.
"I think there might be a misperception that MBA students are only in school to get money," Khurana wrote. "What I find is that MBA students want to find work that has meaning, and they want to find meaning in their work."
Teaching students to just maximize profit is not motivating and demeans what business does for society, according to the author.
"The kinds of problems society confronts (pandemics, sustainability, environment, inequality), these are the kinds of problems that business can help solve," adds Khurna, "but only if it is infused with a broader, more society-focused institutional leadership."
If confronting these sorts of problems is a goal you find worthy, maybe it is time to pursue an MBA degree.
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